became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.
Apple didn’t come close to the $3 trillion threshold again until earlier this month when the company unveiled what could be its next big product – a high-priced headset called Vision Pro that thrusts users into artificial settings known as virtual reality. Microsoft is the second-most valuable public company at $2.5 trillion. Oil giant Saudi Aramco has a market value of $2.08 trillion. Alphabet, the parent of Google, Amazon and Nvidia have market values above $1 trillion.
Today, Apple makes so much money that it can afford to pay $105 billion annually in investor dividends and repurchases of its own stock – and still be left with nearly $56 billion in cash at the end of its last fiscal quarter.
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